Nifty
Nifty trading in a range for last six sessions
Even on Tuesday, Nifty held on to its gains despite profit booking in several banking and Financial heavyweights. "Going forward, we expect the positive momentum to continue on the back of healthy earnings, consistent FII inflows, and improving monsoon," he said.
Market moving from broad-based rally to specific stock-driven rally
He added that in spite of the weakness in IT and banking majors, Nifty rallied by 24 points on Monday, driven primarily by RIL. Bharti Airtel and Tata Motors also have been imparting resilience to the rally. There are no major triggers that can take the rally much higher from the present levels. Global cues also are uncertain, he added.
Markets succumb to profit booking at higher levels
Siddhartha Khemka, Head-Retail Research, Motilal Oswal Financial Services, said the broader market too ended in red with the Nifty mid-cap 100 down by 0.8 per cent while the Nifty small-cap 100 was down 0.4 per cent. Except for PSU bank and auto, all sectors ended in red. FMCG, realty and private banks were among the top losers, he added.
Nifty up 865 points in last 8 trading sessions scaling new highs
India equities continued their dream run, with key indices consistently touching new highs. Nifty surpassed the 19,500 zone intraday before closing with gains of 99 points (+0.5 pert cent) at 19,497 levels. On the sectoral front, realty, oil & gas, auto and healthcare were the top gainers, while IT, financials and FMCG witnessed profit booking.
Bank Nifty poised to lead rally into July
The US markets continued the positive data with consumer confidence climbing to highest levels since January 2022, new home sales jumped 12.2 per cent to highest levels since February 2022, and lastly home prices were up 0.9 per cent in April for the top 20 cities in US.
Buying in heavyweight stocks pushes Indian markets to all-time high
The market's bullish momentum was further supported by strong FII inflows and a narrowing current account deficit, both of which positively impacted investor sentiments. The gains were widespread, with pharma and metal sectors leading the way as top performers, outshining others, Nair said.
NIFTY falls short of intraday lifetime high by a whisker, correction to follow
The new level was 63,523.15 points on BSESENSEX and 18,856.85 points on NIFTY. BSESENSEX at the end of the week lost 405.21 points or 0.64 per cent to close at 62,979.37 points while NIFTY lost 160.50 points or 0.85 per cent to close at 18,665.50 points. The broader indices saw BSE100, BSE200 and BSE500 lose 1.10 per cent, 1.10 per cent and 1.09 per cent respectively.
State polls may make markets nervous: Dhiraj Relli, MD & CEO, HDFC Securities
The upward trajectory is owing to a combination of factors such as good FY23Q4 corporate results, foreign institutional investors (FIIs), and also due to the domestic investor interest. "However, the markets may start getting nervous ahead of the next round of state elections due in November/December," he told IANS in an interview.
Indian stock markets reach close to 52 week high levels
The Nifty of the NSE opened at 18,723.30 and touched a high of 18,864.70 to close at 18,826 points. The 52-week high point was 18,887.60. Similarly, the Sensex of BSE opened at 62,960.73, touched a high of 62,520.36 and closed at 62,917.63 points. The highest level was 63,583.07 points.
Markets close on high note; Nifty heading towards lifetime high
During the day, the Nifty touched a high of 18,641.20 and a low of 18,581.25 and closed at 18,598.65. "The Nifty held on to steady gains to end higher on May 29. At close, the Nifty was up 0.54 per cent or 99.3 points at 18,598.7. Volumes did not expand even as the Nifty kept surging higher," Deepak Jasani, Head of Retail Research, HDFC Securities said.
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